{"id":48063,"date":"2017-01-20T20:09:00","date_gmt":"2017-01-21T01:09:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48063"},"modified":"2025-07-07T20:10:05","modified_gmt":"2025-07-08T00:10:05","slug":"january-20-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48063","title":{"rendered":"January 20, 2017"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n4.06 %<\/td>\n4.86 %<\/td>\n22,357<\/td>\n18.03<\/td>\n1<\/td>\n0.0000 %<\/td>\n1,915.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.6090 %<\/td>\n3,460.2<\/td>\n<\/tr>\n
Floater<\/td>\n3.99 %<\/td>\n4.15 %<\/td>\n50,956<\/td>\n17.11<\/td>\n4<\/td>\n-0.6090 %<\/td>\n1,994.1<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0460 %<\/td>\n2,955.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.80 %<\/td>\n4.34 %<\/td>\n66,731<\/td>\n4.20<\/td>\n6<\/td>\n0.0460 %<\/td>\n3,529.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0460 %<\/td>\n2,753.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.58 %<\/td>\n-5.84 %<\/td>\n73,749<\/td>\n0.09<\/td>\n12<\/td>\n0.2328 %<\/td>\n2,707.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.23 %<\/td>\n5.22 %<\/td>\n89,441<\/td>\n14.95<\/td>\n26<\/td>\n-0.2182 %<\/td>\n2,852.2<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.60 %<\/td>\n4.37 %<\/td>\n220,740<\/td>\n6.74<\/td>\n96<\/td>\n0.3017 %<\/td>\n2,229.6<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.12 %<\/td>\n3.97 %<\/td>\n131,533<\/td>\n0.34<\/td>\n32<\/td>\n-0.2007 %<\/td>\n2,783.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.45 %<\/td>\n3.24 %<\/td>\n46,617<\/td>\n4.74<\/td>\n11<\/td>\n0.2145 %<\/td>\n2,429.6<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n-2.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 23.34
\nEvaluated at bid price : 23.79
\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 21.52
\nEvaluated at bid price : 21.86
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 21.56
\nEvaluated at bid price : 21.91
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n-1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 21.67
\nEvaluated at bid price : 21.92
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 23.44
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 22.21
\nEvaluated at bid price : 22.54
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 11.31
\nEvaluated at bid price : 11.31
\nBid-YTW : 4.21 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 14.30
\nEvaluated at bid price : 14.30
\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n
BMO.PR.Z<\/td>\nPerpetual-Discount<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 24.66
\nEvaluated at bid price : 25.08
\nBid-YTW : 5.04 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 20.20
\nEvaluated at bid price : 20.20
\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.85
\nBid-YTW : 9.13 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 20.62
\nEvaluated at bid price : 20.62
\nBid-YTW : 4.26 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 21.13
\nEvaluated at bid price : 21.13
\nBid-YTW : 4.93 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 24.13
\nEvaluated at bid price : 24.38
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 20.61
\nEvaluated at bid price : 20.61
\nBid-YTW : 4.21 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 21.47
\nEvaluated at bid price : 21.47
\nBid-YTW : 4.17 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 20.87
\nEvaluated at bid price : 20.87
\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Premium<\/td>\n1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.83
\nBid-YTW : 4.78 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-02-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.27
\nBid-YTW : -6.74 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 14.01
\nEvaluated at bid price : 14.01
\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 17.51
\nEvaluated at bid price : 17.51
\nBid-YTW : 4.44 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n4.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 24.29
\nEvaluated at bid price : 24.60
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
BMO.PR.B<\/td>\nFixedReset<\/td>\n402,392<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-02-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.94
\nBid-YTW : 4.31 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n209,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 24.29
\nEvaluated at bid price : 24.60
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset<\/td>\n168,367<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 15.40
\nEvaluated at bid price : 15.40
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n
BMO.PR.R<\/td>\nFloatingReset<\/td>\n152,583<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.71
\nBid-YTW : 3.23 %<\/td>\n<\/tr>\n
TD.PR.S<\/td>\nFixedReset<\/td>\n138,291<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.94
\nBid-YTW : 2.97 %<\/td>\n<\/tr>\n
TD.PF.H<\/td>\nFixedReset<\/td>\n126,668<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n
BNS.PR.H<\/td>\nFixedReset<\/td>\n121,050<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-01-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.92
\nBid-YTW : 4.04 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nDeemed-Retractible<\/td>\n113,875<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-02-19
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.66
\nBid-YTW : 1.59 %<\/td>\n<\/tr>\n
TRP.PR.K<\/td>\nFixedReset<\/td>\n112,256<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 4.47 %<\/td>\n<\/tr>\n
TRP.PR.J<\/td>\nFixedReset<\/td>\n107,317<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.55
\nBid-YTW : 4.15 %<\/td>\n<\/tr>\n
GWO.PR.F<\/td>\nDeemed-Retractible<\/td>\n104,608<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-02-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.57
\nBid-YTW : -16.90 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset<\/td>\n103,994<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 17.77
\nEvaluated at bid price : 17.77
\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n
TD.PR.Z<\/td>\nFloatingReset<\/td>\n102,800<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.71
\nBid-YTW : 3.14 %<\/td>\n<\/tr>\n
BMO.PR.Q<\/td>\nFixedReset<\/td>\n100,963<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.03
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
There were 69 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset<\/td>\nQuote: 14.76 – 15.35
\nSpot Rate : 0.5900
\nAverage : 0.4005<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.76
\nBid-YTW : 9.83 %<\/td>\n<\/tr>\n

GRP.PR.A<\/td>\nSplitShare<\/td>\nQuote: 25.51 – 26.00
\nSpot Rate : 0.4900
\nAverage : 0.3382<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-02-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.51
\nBid-YTW : -16.59 %<\/td>\n<\/tr>\n

VNR.PR.A<\/td>\nFixedReset<\/td>\nQuote: 20.50 – 20.94
\nSpot Rate : 0.4400
\nAverage : 0.2990<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n

PWF.PR.P<\/td>\nFixedReset<\/td>\nQuote: 14.92 – 15.27
\nSpot Rate : 0.3500
\nAverage : 0.2102<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 14.92
\nEvaluated at bid price : 14.92
\nBid-YTW : 4.44 %<\/td>\n<\/tr>\n

CM.PR.Q<\/td>\nFixedReset<\/td>\nQuote: 22.61 – 22.97
\nSpot Rate : 0.3600
\nAverage : 0.2391<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 22.14
\nEvaluated at bid price : 22.61
\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n

TRP.PR.E<\/td>\nFixedReset<\/td>\nQuote: 20.50 – 20.79
\nSpot Rate : 0.2900
\nAverage : 0.1760<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-01-20
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 4.06 % 4.86 …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-48063","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48063"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48063\/revisions"}],"predecessor-version":[{"id":48064,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48063\/revisions\/48064"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}